In rounding out the year, there's coverage of the Best of the Best report, the upcoming chart pack and the now-live monthly video. Plus, amongst a number of data releases there were a couple of RBNZ papers to discuss.  Topics covered today: MigrationRental price growthGDP economic data for Q3REINZ HPISales volumesLoan-to-valuation ratio (LVR) regulationsDebt-to-income (DTI) restrictionsPlus, Nick joined The Weekend Collective Radio Show on Saturday for their regular one our property focus on...

Call it what you will, this week it's all about money, and it's importance when it comes to the property market. Kicked off, due to Kelvin's article on the 10 things to know about mortgage debt right now, Nick and Kelvin detail how the cost and availability of credit truly make the property world go around.  This is true for investors, first home buyers and other owner occupiers moving house as affordability remains squeezed due to high prices and high interest rates. Nick takes the...

Today, Nick chats to Rodney King, Mortgage Advisor for Loan Market Agile, based out of Christchurch. Rodney has been in the Banking and Finance industry for a number of years and has exceptional experience in finding the right bank or lender for every type of borrower.  In a wide ranging chat, Nick and Rodney cover off the current market dynamics, weighing up the impact of the new Government and the RBNZ's monetary policy decisions.  First home buyers are a regular topic of interest but...

Two key releases were out last week, with the first being the last Monetary Policy Statement (MPS) for the year from the RBNZ. As covered in Kelvin's MPS commentary, it was more about tough talk, not action, with the OCR on hold, but an increase to the forecast peak. "No tolerance for inflation surprises" summarises the RBNZ's take right now, hence the warning shot across the bow.  The other important data updated was the CoreLogic HPI release which reaffirmed the recovery in action,...

Following the confirmation of the Sixth National Government of NZ Nick and Kelvin delve into the policy agreements (and disagreements) and probable implications. They cover the ruling out of the foreign buyer tax, the (faster) reinstatement of interest cost deductibility, the (likely) shortening of the bright-line test, changes to the tenancy laws and the modification of the RBNZ mandate to focus solely on price stability (inflation). Elsewhere, Kelvin re-summarises the release of the...

The latest Corelogic Pain & Gain report always provides an interesting lens to look through the market with and this quarter is no different. On top of the usual comparisons, Nick and Kelvin take the time to look back a bit further to analyse any differences to previous downturns - spoiler alert, it's quite different this time around. Other topics for discussion this week include the latest migration release from Stats NZ and also rental data. The RBNZ published the latest lending data by...

This week it's (mostly) all about first home buyers. There's plenty of reason for that - firstly we released our 6-monthly first home buyer report, revealing what they're buying, where they're buying and how much they're paying for it as well as a little bit of insight into how they're doing it.  First home buyers were also the topic of Nick's appearance on the Newstalk ZB Weekend Collective show, with host Franceska Rudkin.  Plus, a new report from new financial series provider Aera added...

Plenty of data and information to chew through this week, with the CoreLogic House Price Index kicking things off, and it's official - the downturn is over! A few caveats exist of course, but at a nationwide level the lads are calling it. The latest Financial Stability Report was in some ways stock standard, but interesting at the same time. Nick and Kelvin explain why, especially when it comes to the potential introduction of debt-to-income restrictions. From an economic perspective we also...

After a sombre discussion of the weekend’s rugby result, Nick and Kelvin launch into the usual analysis of all the property market data, which has been coming in thick and fast lately. Recent population figures confirm the influence of migration in Auckland, and the effects this is having on rental markets – not just there, but around the country too. Meanwhile, we’ve recently had new mortgage lending (a bit patchy), consumer confidence (good and bad), and foreign buyer data (still low) to...

Today, we welcome Shona Mookerjee from Insurance Market to talk everything insurance. Often seen as an afterthought and a begrudging purchase, insurance is an important product to support not only homeowners but every person throughout their different life stages. Shona is a passionate, welcoming and incredibly knowledgeable financial advisor and takes Nick through a bit of Insurance 101 and a day in the life of an insurance advisor.  There are a few key topics which Shona speaks about which...

Following the release of the Consumers Price Index (CPI) for Q3, Nick and Kelvin dig deep into the detail of the inflation data, what all the terms mean, why it matters and what influence it could have over the Reserve Bank's next Official Cash Rate (OCR) decision on November 29.  There's also the latest CoreLogic Monthly Chart Pack and Monthly video which provide a decent line in the sand for where the property market sits as we prepare to welcome in a new Government. This includes...

Aside from a 'quick' breakdown of the All Blacks incredible match and victory over the Irish in the World Cup, it's straight into the result of the General Election where National were the clear winners of the day, though it won't be all plain sailing as we await the counting of special votes to know whether they'll need NZ First or not. Either way, Nick and Kelvin run the rule over the consistent, or not-so-consistent policies between the three parties who may make-up our new Government. The...

The CoreLogic HPI in September showed values plateau nationwide but importantly the NZ market is not all one market, so focus remains on some of the regional differences beneath the surface.  The Reserve Bank took a less aggressive stance in the monetary policy review - not necessarily due to their decision to hold the OCR flat itself (for the fourth decision in a row), but more due to their expectation setting for the next decision, which now looks more likely to remain on hold. There are a...

With plenty of economic data and some lending data to review, much of this week's conversation turns to what it could mean when it comes to the RBNZ's Monetary Policy Review, coming out on Wednesday.  A still-strong labour market, stronger-than-expected economic activity and improving confidence amongst both consumers and businesses has Nick and Kelvin considering the increased likelihood of one more OCR hike, and importantly the timing of it. Kelvin delved into the RBNZ mortgage lending data...

This week Nick and Kelvin dedicate a large portion of the pod to digest and discuss the latest GDP data release for Q2, even though it's admitadly old news now. But it will feature into the RBNZ discussions when it comes to consideration for their next monetary policy review (on Oct 4).  Elsewhere there's a few 'insights from the road' after both were travelling last week and Kelvin also discusses key take-outs from the release of the monthly chart pack (free to download now). Lastly this...

Plenty to get through this week, kicking off with the report which stemmed from some CoreLogic data, trying to replicate the foreign buyer tax estimates from the National Party's proposal. Michael Reddell's detailed blog, including a bit more detail on international experiences is here.  Mapping the market was also updated, providing further evidence of the recovery in values (at a suburb level) so take a look to see what's happening in your area. Elsewhere first home buyers remain active,...

In what was a quieter data week for the housing market Nick and Kelvin again cover off coverage of the tax policies announced by the National Party, following Kelvin's article assessing the potential impact of the changes. From a data perspective, Kelvin reviews the latest mortgage term origination data from the RBNZ - with borrowers slowly swinging back to shorter terms. A quick look at listings volumes shows the spring increase has begun but it's off a low base and with sales also picking...

This week Nick and Kelvin quickly run through the latest CoreLogic House Price Index, which showed a modest fall at the national level, and patchy regional patterns - some areas up in August, some down. This patchiness may remain a feature in the coming months.    We then launch into a detailed discussion of how the housing market might look if National won the upcoming election - from a shorter Brightline period, to a softer foreign buyer ban, to interest deductibility, there's plenty to...

Today we sit down with the esteemed Steve McMenemy, director and mortgage advisor at Loan Market Auckland. As a veteran in the finance industry, Steve provides us with a deep-dive into the intricacies of the New Zealand property. We walk through the projected growth in the Massey area, and Steve unpacks the vulnerabilities and opportunities in the new build market. In light of the Unitary Plan, we also discuss its impact on the housing market and new build projects. Shifting gears, we delve...

Following the release of the CoreLogic Housing Affordability Report, Nick and Kelvin discuss the state and future of housing affordability, tackling the house price to income ratio, and discussing why, despite improvements, buying a home remains an expensive endeavor. As we navigate this intricate terrain, we ponder whether the simultaneous growth in income and house prices cancels out each other's effects, leaving affordability static. Then it's onto recent lending trends, as reported by...

Number one on today's agenda is the Reserve Bank's monetary policy statement and the implications of the unchanged official cash rate. We break down the jargon and sift through layers of GDP, labour market, house prices, and inflation projections, leaving no stone unturned. We also reveal the potential for a rate rise and the nitty-gritty of the decision-making process. Moreover, we plunge headfirst into July's property market report, dissecting the role of first-home buyers, the 'wait and...

Firstly, our apologies for the late upload of this week's episode, we had some technical difficulties with the file. But, onto the episode... This week, Nick and Kelvin kick-off the pod with a look at CoreLogic's latest Pain & Gain report, including a bit of detail that is often missed in the usual media coverage.  Switching gears, we’ll discuss the latest Buyer Classification trends and the shifting dynamics between stronger and weaker buyer groups. Get ready to unravel the...

Ever wondered why both employment and unemployment rates can rise at the same time? Or how high wage growth impacts inflation and the Official Cash Rate (OCR)? Join us, along with our guest, Chief Economist Kelvin Davidson, as we decipher the latest labour market data. Prepare for an enlightening discussion on the OCR's future and the pressures that could sway its course. Now, imagine if you could decode the perplexing world of the housing market. On this episode, we navigate through the...

Ever wondered how the easing of LVR rules has affected the investor landscape? We dig into this, discussing how this change has tipped the scales, encouraging investors to lean towards new builds. The conversation gets even more interesting as we scrutinise the loss of interest-deductibility and its sway on investor involvement. Delving further, we'll face head-on, the challenges and opportunities of investing in a market with low rental yields and interest rates. We discuss the large gap...

Number one on the running order this week is the recently released 6% annual inflation rate. Engage with us as we dissect this figure, the important non-tradable inflation rate and its implications on the official cash rate. Intrigued by the official cash rate and how it impacts your spending habits? Then this podcast is a must-listen. Brace yourself as we delve into a possible economic scenario where inflation remains high, pushing us towards a new recession. We'll be discussing the various...